sure. from my perspective, UofC is on par with the others and might even have more going for it. obviously this is just my take on things, and a lot of people would disagree, but the MFA landscape can change pretty quickly and i think many have already caught on. UofC has all the resources and institutional prestige to have an MFA program at the level of the acknowledged ivies, but they havent shown an interest in building such a program until very recently. in the last two years theyve gone through some serious changes - new crazy-awesome building, very notable faculty hirings, and increased funding to students. its not seen as an established 'power-house' type program like Yale or Columbia, but it very well might be in the near future. the students and other interviewees i talked to at each program seemed to all be at an equally high level.
my concerns: chicago does not have as much of an art MARKET as ny, though it did seem to have a very lively art scene. also, hyde park, where UofC is located, is a bit south of the thick of things. but then again, its a really cool area and they do have one of the best contemporary art institutions in the country, the renaissance society, which is on campus. i hear there are some pretty bad neighborhoods south and west of the school, but the students pegged it as a non-issue....
side note: im very skeptical of the notion that ny/la are the best/only places to be successful. chicago is less expensive and might be a better place for beginning-career artists.
i havent made any decisions yet as I'm still waiting to hear from Yale, but to be honest, im leading towards UofC - call me crazy. i might change my mind within the next couple weeks... we'll see